Frank Dunn joins list of acquitted who are assumed guilty of corporate crime Let us now defend innocent men: Frank Dunn, Vic De Zen, Andrew Rankin, John Felderhof — all convincingly acquitted of corporate crime. They need defending against the persistent and slanderous media-fed belief that, in cases like these, acquittal does not end the […]

Mired in a widening probe to clear a bulge of accounting provisions from Nortel Network Corp's balance sheet in 2003, the company's auditors missed tens of millions of dollars more in irregular items being targeted for the bottom line, a fraud trial heard here Wednesday

Comment: Nearly three months into the accounting-fraud trial involving Nortel Network’s top three financial executives, proceedings have slowed to a crawl. The reason is obvious. The Crown has been going over the same ground again and again, all the while failing to address a central problem with its case

Justice Geoff Morawetz of Ontario’s Superior Court of Justice has ruled that environmental remediation obligations do not necessarily outrank the claims of other creditors in an insolvency, even when the obligations are framed as regulatory orders. The ruling came in the ongoing CCAA proceedings against Nortel Networks Limited. Alan Merskey and Nicholas Daube of Norton Rose […]

A former finance official for Nortel Networks Corp testified Monday the company made 'errors' in booking old accounting provisions as income as Crown prosecutors attempted to connect them to a plot from former top executives to manipulate earnings and trigger bonuses

The use of accrued liabilities to pad earnings was a "legitimate" and standard practice at Nortel Networks Corp. in the early 2000s, and a process directly overseen by the company's external auditors, Deloitte & Touche LLC, a Toronto courtroom heard Wednesday

A surprise profit generated by the end of the fourth quarter in 2002 resulted in a last-minute call to the finance heads of Nortel Networks Corp. business units to come up with more accounting provisions that could claw back earnings, a Toronto court heard Monday